Freddie Mac Documents, Lawyer Accused of Fraud, Tenants, Lenders Exposed to Scams
Good morning, and welcome to the Daily Read for Tuesday.
Revealing Freddie Mac Documents» Internal Freddie Mac documents show that senior executives were warned years ago that they were offering mortgages that could pose dangers to the firm, hurt borrowers and generate more risky loans throughout the industry... and Internal Freddie Mac budget records show $11.7 million was paid to 52 outside lobbyists and consultants in 2006.— Washington Post, Associated Press
Lawyer Accused in Hedge Fund Fraud » Federal authorities in New York arrested a prominent and powerful NY lawyer Sunday for his role in a $100 million fraud scheme, portraying his recent undertakings as more high-stakes grifting than high-end lawyering. — New York Times
Tenants, Lenders Exposed to Scams » The foreclosure debacle has pushed tens of thousands of D.C. area residents into the rental market, many with crippled credit and a desperate need for housing; waiting for them has been a new cast of swindlers, cheats and real estate sharks ready to prey on the weak and needy. — Washington Post
Military Leaders Left Troops Vulnerable » The Marine Corps left troops in Iraq vulnerable to deadly roadside bombs by failing to answer an urgent request from battlefield commanders for blast-resistant vehicles, according to an internal Pentagon investigation. — Associated Press
Former Pakistani Official Denies Terror Links» A former high-ranking Pakistani intelligence official denied allegations Monday that he had given advice and support to a Pakistani militant group linked to the attacks on the Indian city of Mumbai late last month. — Washington Post
Guard's Plea Helps Indict Others» The Justice Department largely built their case against the five Blackwater security guards charged with shooting Iraqi civilians around the chilling testimony of a sixth guard who plead guilty to manslaughter — New York Times
After the jump...
Best of the Rest
» College Board Lowered Prices for Loan Endorsements(ABC)
» Detective Says Teen Was Shackled to Fireplace, Tortured(AP)
» Hidden Travels of the Atomic Bomb(NYT)
» Education Department Reworks Privacy Regulations(WSJ)
» Rangel Disputes Ethics Allegations (WSJ)
» Congressman Gets 5 Days for Drunken Driving (AP)
» Guantanamo Detainees(NYT)
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Posted by: lawgrace | December 12, 2008 1:30 AM